Sponsors (7)
The bill strengthens national-security oversight and transparency over foreign ownership and use of U.S. agricultural land—protecting bases, local food-security, and taxpayer-funded programs—but increases transaction and compliance costs, may reduce foreign capital available to farmers, raises privacy and fairness concerns, and creates administrative burdens.
Farmers, rural communities, military personnel, and nearby local governments: foreign purchases of agricultural land—especially by parties tied to DNI-flagged or nonmarket-economy countries and purchases near military installations—will face expanded federal national-security review, reducing the risk of foreign access, surveillance, or encroachment on sensitive lands.
State and local governments, taxpayers, and communities: mandatory lease reporting and removal of an acreage-based exclusion will broaden coverage and create clearer, more consistent oversight of foreign control of farmland, preventing small- or large-parcel carve-outs.
Taxpayers and U.S. agricultural programs: the bill restricts federal loans, insurance, and subsidies from supporting agricultural land controlled by foreign persons tied to DNI-identified security risks, helping prevent public funds from indirectly supporting potentially adversarial ownership.
Farmers, sellers, and prospective foreign buyers: more sales and leases will face mandatory reviews and reporting, producing transaction delays, higher compliance costs, and greater uncertainty for completing real-estate deals.
Farm owners and rural markets: narrowing acceptable foreign purchasers and deterring foreign lessees/buyers could shrink the pool of buyers or capital, depress sale or lease values, and reduce foreign investment available for farm expansion or modernization.
Farmers with partial foreign investment and rural borrowers: properties with foreign ties could lose access to federal loans, insurance, or subsidies and face tighter lending conditions, increasing financing costs or forcing some sales.
Based on analysis of 6 sections of legislative text.
Expands CFIUS review to cover certain foreign agricultural and near‑installation real estate, bars federal assistance for specified foreign‑tied holdings, and requires expanded AFIDA reporting and annual public reports.
Official title: Increase oversight of foreign direct investment in agricultural land in the United States, and for other purposes.
Introduced March 12, 2025 by James Lankford · Last progress March 12, 2025
Expands U.S. national-security review and reporting of foreign ownership of agricultural and near-installation real estate, restricts federal assistance, and tightens disclosure requirements. The bill broadens CFIUS authority to cover certain purchases, transfers, and leases of agricultural land (including by nationals or entities from specified high-risk countries), makes many land transactions within 50 miles of military installations subject to review (with a narrow carve-out), bars federal assistance for agricultural land holdings with ownership ties to those specified foreign countries, and requires enhanced, public, state- and county-level reporting of foreign agricultural land holdings (including country-specific data for China and Russia).